Freshworks and Coinbase announce more than 1 in 10 jobs to go as companies replace workforce with AI technologies — tech company layoffs near 100K in 2026 alone
- More companies are laying off employees, with AI cited as a reason
- Freshwords is reducing its headcount by 11%
- Coinbase is cutting its employee count by 14%
Artificial intelligence is being referenced as the cause of more job losses as two more companies join the list of tech companies laying off employees in 2026.
Freshworks has announced it will trim 11% of its workforce, or about 500 jobs, as the company addresses routine work with AI and automation.
Coinbase is also set to lay off around 14% of its workforce, or 700 jobs, as the company moves towards becoming ‘AI-native’.
Layoffs near 100,000 in 2026
Layoff tracker Layoffs.fyi places the total number of tech job layoffs at 93,294 so far in 2026.
Speaking to Reuters, Freshworks CEO Dennis Woodside said the workforce reduction was due to the company seeing routine work being reduced by AI and automation.
“Over half...
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